Emailed the company my concerns and got a positive response'In...

Emailed the company my concerns and got a positive response

'In response to your recent email riversdale has been affected by the market downturn in a similar way to other mid cap bulk commodity stocks. The difference is that we have sufficient cash resources to pursue our Mozambique project we have a very solid partner in Tata Steel and have assembled a world class development team. We will manage the volatility by moving forward with our Benga project when our competitors are too debt laden to pursue projects expeditiously.'


I believe this is the best new coal story at the moment and my options are priced at $9.80 and I fully expect we will return to those levels as the project receives government approval and progresses to trial mining next year.'